Seagate CEO Stephen J. Luczo Resigns From Microsoft’s Board

Microsoft announced today that Stephen J. Luczo, chairman and CEO of Seagate Technology PLC, has stepped down from the company’s board of directors.

“It has been a pleasure serving on the Microsoft board, and helping to guide the company through such a historic period of change and reinvention,” Luczo said. “With the CEO search completed and Satya off to a strong start, this felt like an appropriate time to make this change so I can turn my full attention to leading Seagate. Seagate and Microsoft have a long history of working together, and I look forward to continued collaboration and partnership under Satya’s leadership.”

“Steve has been an excellent board member, and I particularly appreciate all of his hard work as a member of the CEO search committee,” said John W. Thompson, chairman of the Microsoft board. “Steve also played an important role in helping to craft a compensation plan that tightly links CEO pay to shareholder returns, as chair of the compensation committee.”

“Steve brought thoughtful industry insights and perspective to the board, ” said Bill Gates, founder and technology advisor of Microsoft. “I want to thank him for his contributions to the board and to Microsoft during his tenure. I appreciate his service.”

Luczo joined Microsoft’s board in May 2012. He served as a member of the CEO search committee established in August 2013 to identify the successor to former CEO Steve Ballmer. Luczo also served on the compensation and audit committees of the board.